Real Estate

Crowdfund investing: 3 World Trade Center

Pedestrians walk past the 3 World Trade Center building in New York.
Craig Warga | Bloomberg | Getty Images

If you were worried about being a small time investor, there's some good news for you. Now with only $5,000 and a crowdfunding platform, private investors can own a stake in Lower Manhattan's 3 World Trade Center, reports the New York Daily News.

Fundrise, a real estate crowdfunding and investment platform, purchased a $5 million share in tax-exempt bonds to help finance the office building, which will stand 80-stories tall.

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"We are proud to be able to give more people a chance to invest in this important, iconic asset," Dan Miller, co-founder and president of Fundrise, told the Daily News.

Fundrise is projecting an annual return of 5 percent on the five-year investment. Investors would not be exempt from SEC requirements.

Real estate crowdfunding is gaining traction, especially in New York City. A similar endeavor is taking place just a block away from the World Trade Center site for a new hotel.

Read the full coverage at the New York Daily News.